S&P Global Ratings assigned its 'AAA' long-term rating to Irving, Texas' approximately $47.25 million series 2023 general obligation (GO) bonds, approximately $21.62 million series 2023 combination tax and revenue certificates of obligation (COs), and approximately $4.245 million series 2023 tax notes. At the same time, S&P Global Ratings affirmed its 'AAA' long-term rating on the city's GO debt and COs outstanding. The outlook is stable. Revenue from Irving's ad valorem tax, levied within the limits prescribed by law on all taxable property within the city, secures its GO bonds, certificates, and tax notes. Bond proceeds will fund various public improvements throughout the city. The series 2023 certificates are additionally secured by surplus revenue of the city's water and sewer system,
